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November 7, 2024 8:55 am
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What Crypto to Buy Now and What is Shilling?

Today, over 20 000 crypto assets are presented on the crypto market. In addition to the variety of digital coins, hype or negative reactions around specific assets confuse inexperienced traders. Here we discuss how to select digital assets and what crypto exchange to choose for trade.

Crypto investments are becoming popular, especially when most people understand that the downtrend is the time to search for worthy coins to buy before the market’s bull trend. Sometimes it is difficult to pick assets for trading, especially for beginner traders. Today, over 20 000 crypto assets are presented on the crypto market. In addition to the variety of digital coins, hype or negative reactions around specific assets confuse inexperienced traders, making them choose the most discussed coins and avoid those with no advertising. Below, we will discuss how to select digital assets and what cryptocurrency exchange website to choose for trading.

Cryptocurrency to Buy Now

The essence of crypto trading is to buy and sell cryptocurrency, catching the waves of the market trends and generating income from price changes. When you pick a digital asset for trading, pay attention to the following characteristics:

  • Trade volume – reflects the liquidity of an asset.
  • Market cap – the level of dominance of the asset in the whole market. 
  • Real use cases – there may be a buzz around the coin, but the main is not buzz but the real application of the project. 

What is Shilling?

Shilling in the cryptocurrency world refers to promoting or advertising a particular coin or token in an overly enthusiastic manner, often with the intent of artificially inflating its price. The goal of shilling is to generate buzz and attract new investors, with the aim of increasing demand for the coin and pushing up its price.

However, shilling can have negative consequences for both the shiller and the wider cryptocurrency community. For example, shilling can create an artificial bubble that eventually bursts, leaving investors with worthless tokens. It can also harm the reputation of the cryptocurrency industry as a whole and discourage legitimate investors from participating in the market. For this reason, it is important to be cautious when considering any investment in cryptocurrency. Before investing, it is recommended to research a project and its underlying technology thoroughly and to look for signs of shilling, such as unrealistic promises or hype that seems too good to be true.

Where to Buy Crypto?

We offer a reliable platform – WhiteBIT, which is the largest trading exchange in Europe. It offers popular trading pairs and advanced instruments for trading, low fees, and a high level of protection for clients. With WhiteBIT, you can be confident about the safety of your funds, for the platform uses cold storage and instruments to protect each user account.

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